Time is running out to use your Flexible Spending Account (FSA) dollars before the end of your plan year. If your plan follows the calendar year, that deadline is December 31.
Don’t let your FSA funds go to waste!
Remember, FSAs follow a “Use It or Lose It” rule—any unused funds may be forfeited if not spent in time. Make sure to take full advantage of your benefits before it’s too late!
What items are eligible?
FSA funds can cover a wide range of out-of-pocket medical, dental, and vision expenses such as:
- deductibles and copayments (but not insurance premiums)
- prescription medication
- over-the-counter medication
- first aid products
- some skincare products
- activity trackers
- menstrual care
- high-tech healthcare items
- and more!
Looking for what to spend your FSA funds on? Shop a complete list of eligible products and services:
FSA StoreKnow your options for unused FSA funds
If your employer offers you a carryover or grace period, you may have an option for unused funds.
Depending on your employer’s plan, you may have options to avoid forfeiting unused FSA dollars:
Carryover: If offered, you can rollover a portion of unused FSA Funds from one plan year to the next. This amount is set by IRS guidelines and indexed annually per IRS rules.
Grace Periods: Alternatively, your employer may offer up to a 2 ½ month grace period (per IRS rules) after the plan year ends, giving you extra time to spend your remining FSA balance.
Please note employers can offer either a carryover or a grace period—not both. These features are optional, so be sure to review your plan provisions and check with your employer to see which applies to you.
Additional Information
Ready to file a claim? Our quick tutorial will show you how!
Trying to understand the difference between a Flexible Spending Account and a Health Savings Account? Click here for a video or flyer covering the two.
Visit our Frequently Asked Questions page.